Saturday, January 22, 2005

From those wonderful folks who brought you A-Rod

The Dallas Morning News reports this morning that Hicks Muse, the buyout firm co-founded by Rangers and Stars owner Tom Hicks, is closing their London office and getting back to their "roots." That's a nice way of saying business ain't good: "After Hicks Muse lost more than a billion dollars...[the firm] realized that its best returns didn't come from its biggest investments."

Guess that's sorta like realizing you aren't getting the best results from your highest-paid players.